You are here

Fla. bitcoin case tests money laundering limits - 0 Comments

MIAMI BEACH, Fla. — Florida has become the first state to bring criminal money laundering charges in a case involving the virtual currency bitcoin. It's a case that could test whether current law can adapt to new digital forms of payment.

Pascal Reid and Michell Espinoza were arrested Miami Beach in an undercover sting in February. Police found them by trolling a bitcoin exchange website and posed as credit card thieves looking to launder their illegal proceeds.